Pat Gelsinger, a thirty year veteran, currently in charge of the enterprise division, is said to be going to storage and virtualization company EMC.
Dadi Perlmutter, who led Intel Israel and has a good claim to have saved the company with his focus on low-power computing, will be in charge of engineering across Intel's chip divisons, while sales chief Sean Maloney gets put in overall charge of silicon.
More as we get it - and no prizes for guessing what the big topic will be at the Intel Developer Forum next week.
This article was originally posted on ZDNet UK. ZDNet's Andy Smith contributed to this report.